Issue 2019 August 13th

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    German mall specialist and online retailer confirm partnership

    The German online retailer OTTO and ECE, the European shopping centre developer and landlord, are creating a cross-channel link between brick-and-mortar retail and e-commerce. Effective immediately, the product ranges of local retailers and name-brand manufacturers can be added to the product offering on otto.de. The objective of this connected commerce concept is to boost offline [...]
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    UK retail vacancy rate worst in over four years

    The national town centre vacancy rate in the UK was 10.3% in July, a slight increase on the previous quarters rate of 10.2% and the highest since January 2015. Footfall declined by 1.9% in July, compared to the same point last year when it declined by 0.9%. This is the worst decline for July since [...]
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    UK landlord trials direct retailing with local focal coffee shop

    Shopping centre owner intu is creating its own community-based stores in an attempt to “breathe new life into the high street and give a fresh boost to independent retailers”, the company said. It is testing the move to direct retailing with the launch of The Birdhouse Café, a coffee shop in Nottingham’s intu Broadmarsh which [...]
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    Hammerson appoints new Premium Outlets managing director

    Hammerson has announced that Simon Travis has been appointed to the role of Group Investment Director & Managing Director Premium Outlets. In this new position, Travis will take on responsibility for Hammerson’s premium outlets division in addition to his existing Investment responsibilities. He will assume his new role once CFO and current Premium Outlets  MD, [...]
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    Acquisitions and funding continue to boost Iberian retail sector

    Iberia Coop – a fund owned in 10% by Sonae Sierra and 90% by international investors – has reached an agreement for the sale of AlgarveShopping and Albufeira Retail Park to Frey, a French company specialised in the development and management of open-air shopping centres. Sonae Sierra will continue to be responsible for the property [...]